EDMONTON, ALBERTA–(Marketwire – Oct. 13, 2011) – North Country Gold Corp. (TSX VENTURE:NGC) (NCG or the “Company”) today announces the fourth tranche of results from the 2011 drill program at the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. The latest results from six holes at Three Bluffs and four holes at Antler continue to delineate and extend high grade gold zones within the Walker Lake gold trend.
“These latest results from the Three Bluffs and Antler zones continue to demonstrate the continuous nature of the high grade gold zones along the Walker Lake Trend,” said John Williamson, President and CEO of North Country Gold Corp. “We are particularly encouraged by the results from the Three Bluffs -Three Bluffs West area where our 2011 drilling has identified a new 600 metre long high grade trend at the western end of the system starting at 100 m below surface and remaining open to depth. NCG has also determined that the Three Bluffs and Three Bluffs West zones are one continuous zone of mineralization which extends for at least 1500 metres along strike,” added Mr. Williamson.
Three Bluffs Drilling
Highlights from the six diamond drill holes completed at Three Bluffs include 9.59 g Au/t over 18.00 metres (30.73 g/t Au over 5.00 metres) (11TB122), and 6.65 g/t Au over 4.00 m (11TB124). These drillholes are located within the new high grade trend located at the western end of the Three Bluffs zone (including Three Bluffs West zone) which has now been delineated for at least 600 metres along strike and for approximately 100 metres down-dip and remains open to depth. These new results are complementary to previous results from 11TW015 of 43.02 g/t Au over 4.00 metres, 11TB104 of 7.34 g/t Au over 25.00 metres, 11TW016 of 15.00 g/t Au over 11.25 metres and 11TB107B of 15.00 g/t Au over 12.00 metres (see press release’s dated July 16 and August 2011). Results for additional diamond drill holes completed within the high grade trend are pending, however geologic similarities to the completed drillholes, including the presence of intense sericite alteration and common visible gold suggest results will be favorable.
Highlights from the four holes completed at Antler include 4.99 g/t Au over 13.00 metres (11AN041) and 3.06 g/t Au over 13.00 metres (11AN025B). Mineralization at Antler has been delineated over a strike length of 1000 metres and the zone has been tested to a nominal down-dip depth of 100 to 150 metres. High grade mineralization at Antler appears to be controlled by a series of steep east plunging grade shoots which vary in width from 50 to 100 metres. The high grade shoots delineated to date all remain open to depth.
Titan 24 Drilling
During 2010 North Country completed a Quantec Titan 24 survey over the Three Bluffs project area (see press release dated October 28th, 2010). Results of this survey indicated that gold mineralization at Three Bluffs and Antler correlate directly with areas of low resistivity, and that additional untested resistivity anomalies occur at depth (250 m below surface) between Three Bluffs and Antler. During the 2011 program, a single drillhole, 11AN042, was targeted at a resistivity low anomaly at the east end of Antler at a vertical depth of 300 metres. Previous shallow drilling in this area above the geophysical anomaly returned only modest results, over narrow widths. The results of 4.35 g/t over 10.00 metres validates the geophysical model and significantly increases the potential to develop resources to depth in the Three Bluffs-Antler gap area where deep, low resistivity anomalies covering at least 1000 metres of strike remain to be tested.
High grade shoots remain open beneath Antler and Three Bluffs where the three deepest drillholes on the project to date, returned high grade intercepts of 36.25 g/t Au over 4.81 metres and 9.03 g/t Au over 3.74 metres (05TB 038), 9.59 g/t Au over 18.00 metres (11TB122) and 4.35 g/t Au over 10.00 metres (11AN042) from three separate areas over at least 3,300 metres of strike along the Walker Lake Trend. Based on drilling results to date and untested but validated geophysical anomalies, North Country Gold believes that the Three Bluffs Project has excellent potential to develop significant high grade underground resources to depth.
Table 1 Results Three Bluffs
Hole ID Type From (m ) To (m ) Length (m ) Au (g/t )
11TB0110 DD 85.00 95.00 10.00 2.84
including 85.00 88.19 3.19 4.82
and 90.00 91.00 1.00 5.69
and 94.00 95.00 1.00 5.26
11TB116 DD 130.02 159.00 28.98 0.97
including 133.00 138.00 5.00 3.09
188.00 212.00 24.00 1.08
including 199.00 201.00 2.00 4.18
11TB119 DD 129.00 155.80 26.80 0.80
including 129.00 131.75 2.75 1.89
and 147.00 149.00 2.00 1.69
180.94 192.00 11.06 2.74
including 186.00 190.00 4.00 4.40
11TB120 DD 115.00 116.00 1.00 8.04
including 124.90 134.00 9.10 1.21
176.00 187.00 11.00 2.22
including 185.00 187.00 2.00 6.49
11TB122 225.00 243.00 18.00 9.59
including 226.00 231.00 5.00 30.73
264.00 272.00 8.00 2.79
11TB124 222.00 226.00 4.00 6.65
255.50 257.00 1.50 1.49
Table 2 Results-Antler
Hole ID Type From (m ) To (m ) Length (m ) Au (g/t )
11AN025B DD 154.00 156.00 2.00 1.49
160.00 173.00 13.00 3.06
including 162.00 166.00 4.00 6.48
11AN034 DD 149.00 151.00 2.00 1.37
155.00 168.36 13.36 2.71
including 158.00 161.00 3.00 6.83
and 166.41 168.36 1.95 4.99
11AN041 DD 37.00 50.00 13.00 4.99
including 38.00 41.00 3.00 9.52
and 44.79 50.00 5.21 6.12
11AN042 DD 308.00 318.00 10.00 4.35
including 312.00 315.00 3.00 8.42
or 312.00 317.00 5.00 6.00
To see a plan and long section of the Walker Lake Trend, please visit the following link: http://media3.marketwire.com/docs/ngc1013i.jpg.
About North Country Gold Corp.
The Three Bluffs deposit currently hosts an indicated resource of 508,000 ounces (2,700,000 tones at 5.85 g/t Au) and an additional inferred resource of 244,000 ounces (1,270,000 tones at 5.98 g/t Au). The Three Bluffs deposit occurs at the eastern end of a package of auriferous iron formation bearing supracrustral rocks (Walker Lake Trend) along which North Country Gold Corp. is focusing exploration and has conducted drilling in three key areas over a 4.1 kilometer segment of the trend during 2010: Three Bluffs, Antler, and Hayes.
NCG believes that significant potential exists along the Walker Lake Trend and has developed a strategy to identify additional near-surface open-pittable gold resources along the strike length of the trend, which will incrementally add to the existing high-grade resource inventory underpinned by the Three Bluffs deposit.
North Country Gold Corp. controls one of the largest under explored greenstone belts within Canada, and has numerous drill ready high grade gold targets, in addition to those at Three Bluffs. The gold-rich Committee Bay Greenstone Belt is located approximately 300 kilometres north of Baker Lake within Nunavut Territory, Canada. North Country Gold Corp. is currently the 100% beneficial owner of the mineral rights to approximately 557,323 acres (225,569 hectares) of land comprising 216 active mineral claims and 14 mineral leases.
North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101. A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.
North Country Gold Corp. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.
On behalf of the Board
North Country Gold.
For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com.
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
North Country Gold Corp.
Vice President of Corp. Development and Director